Trump aides weigh steps to curb rising gasoline prices amid Iran conflict and oil-market disruption
The Facts
- President Donald Trump told Reuters he was not concerned about rising U.S. gas prices, saying the military operation involving Iran was his priority and that prices would drop when it is over.
- Politico reported that White House chief of staff Susie Wiles has directed advisers to bring ideas to the Oval Office for lowering gasoline prices.
- Politico reported that some administration officials, including Energy Secretary Chris Wright and Interior Secretary Doug Burgum, have been under intense pressure to find ways to bring down gasoline prices quickly.
- Politico reported that one idea discussed inside the White House is a temporary holiday on the federal gasoline tax, which would require action from Congress.
- The White House has publicly said it is focused on keeping prices stable, with press secretary Karoline Leavitt stating the administration is 'wholeheartedly focused on keeping prices stable' and that the energy team has been planning for the situation.
- Reports citing Reuters said global oil prices have risen amid the widening Iran conflict, contributing to higher gasoline prices in the United States.
Context
What did Trump say about rising gas prices?
In an exclusive interview with Reuters, Trump said he was not concerned about higher prices at the pump, arguing the military operation was more important and predicting prices would drop when the conflict ends. Zawya.com,Reuters
What actions has the White House discussed to address gasoline prices?
Politico reported that advisers have been asked to bring ideas to the Oval Office, including a temporary federal gas-tax holiday (which would require Congress) and other measures aimed at countering rising-price narratives. POLITICO,Taegan Goddard's Po…
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